While carbon pricing and industrial policies may have enabled policymakers in the United States and Europe to avoid difficult political choices, we cannot rely on these tools to achieve crucial climate goals. Climate policies must move away from focusing on green taxes and subsidies and enter the age of politics.
explains why achieving climate goals requires a broader combination of sector-specific policy instruments.
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
基尔——
“为善者,诸事顺“似乎是商界的新流行标语。换句话说,参与对社会有益的活动能提高利润。例如,百事可乐公司通过生产更有营养、更健康的食品,提高了账本底线。
然而,在世界的许多地区,如果一家公司业绩良好,人们就认为它是违背社会利益的,尤其当这家公司的业务面向穷人时。最近印度安德拉邦的混乱局面就是一个例证。在安德拉邦,政府已经采取措施抑制小额信贷的经营。
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